Time Equity Partners invests €6m in THEMA’s development

Investment

Time Equity Partners has invested €6m in French TV broadcaster Thema.
Established in 2005, Thema specialises in the development and worldwide distribution of thematic, generalist and ethnic TV channels. The company distributes in excess of 60 TV channels worldwide.

The Paris-based business generates a €14m turnover and has additional offices in the US, Russia and Singapore. Thema employs 15 people.

People
Henri de Bodinat led the deal for TIME Equity Partners. François Thiellet is chief executive of Thema.

Advisers
Equity – 8 Advisory, Stéphane Vanbergue (Corporate finance); Arsène Taxand, Frédéric Teper (Tax); Racine, Mélanie Coiraton Mavre (Legal, social due diligence); Jeantet, Frank Martin-Laprade (Legal).

Key Facts

Company: Thema
founded - 2005
turnover - €14m
staff - 15
location - Paris
sector - Broadcasting & Entertainment
deal objective - Expansion
value - €6m

The digital industry-focused GP, TIME invests from the €100m Time Investors fund, which closed in 2009. It sourced the deal directly, and was attracted by Thema's management team as well as its growth rate so far.

The fresh equity will allow Thema to develop its thematic content distribution business, create new products targeting ethnic minorities in France, and face the challenges surrounding new digital channels of distribution.